Jacobs & Co.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 2, 2025), Jacobs & Co. reported 123 stock positions worth $1.0 billion. Its top holding was Apple (AAPL) at 5.2% of the portfolio, followed by Nvidia (NVDA, 5.0%) and Microsoft (MSFT, 4.3%). Compared with Q1 2025, it opened 10 new positions, sold out of 9, added to 29 and reduced 66. The biggest buy was a new position in Carrier Global (CARR) and the biggest sale United Parcel Service Class B (UPS, shares −93%).

Most Recent 13F
Q2 2026
Location
SAN FRANCISCO, CA
CIK
0001055544
Portfolio Value
$1.0B (Q2 2025)
SEC Filing
0001055544-25-000003 ↗ filed Jul 2, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $944.7M Q1 2024 Q2 2024: $954.2M Q2 2024 Q3 2024: $1.0B Q3 2024 Q4 2024: $983.0M Q4 2024 Q1 2025: $938.1M Q1 2025 Q2 2025: $1.0B $1.0B Q2 2025 Q3 2025: $1.0B Q3 2025 Q4 2025: $1.1B Q4 2025 Q1 2026: $1.0B Q1 2026 Q2 2026: $1.2B Q2 2026

Holdings 123 stocks · $1.0B
AAPL Apple Inc. 5.18% 254,468 $52.2M Add +3.7%
NVDA Nvidia Corp. 5.02% 319,961 $50.5M Reduce -2.4%
MSFT Microsoft Corp. 4.34% 87,969 $43.8M Reduce -2.9%
META Meta Platforms Inc. Class A 3.46% 47,306 $34.9M Reduce -2.0%
AMZN Amazon.com Inc. 3.06% 140,770 $30.9M Reduce 0.0%
V Visa Inc. Class A 2.90% 82,359 $29.2M Reduce -1.6%
COST Costco Wholesale Corp. 2.47% 25,120 $24.9M Reduce -3.0%
LLY Eli Lilly & Co. 2.37% 30,605 $23.9M Add +2.7%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.87% 63,824 $18.8M Reduce -3.0%
GOOGL Alphabet Inc. Class A 1.67% 95,634 $16.9M Add +1.7%
HD Home Depot Inc. 1.65% 45,220 $16.6M Add +2.4%
GOOG Alphabet Inc. Class C 1.62% 91,920 $16.3M Reduce -0.7%
ADP Automatic Data Processing 1.58% 51,674 $15.9M Reduce -4.0%
DE Deere & Co. 1.56% 30,982 $15.8M Reduce -3.9%
QCOM Qualcomm Inc. 1.56% 98,526 $15.7M Reduce -0.3%
ZTS Zoetis Inc. 1.52% 97,926 $15.3M Add +1.4%
CAT Caterpillar Inc. 1.50% 38,862 $15.1M Add +0.0%
SCHW Schwab (charles) Corp. 1.47% 162,899 $14.9M Reduce -2.5%
ADBE Adobe Inc. 1.47% 38,262 $14.8M Add +0.4%
SBUX Starbucks Corp. 1.46% 161,034 $14.8M Reduce -1.8%
HON Honeywell International Inc. 1.44% 62,484 $14.6M Reduce -0.5%
AMD Advanced Micro Devices 1.44% 102,078 $14.5M Add +3.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.42% 115,471 $14.3M Reduce -1.0%
UNP Union Pacific Corp. 1.37% 60,102 $13.8M Add +0.2%
AMAT Applied Materials Inc. 1.33% 73,126 $13.4M Add +1.8%
CSX CSX Corp. 1.32% 406,338 $13.3M Reduce -0.5%
MCD McDonald's Corp. 1.24% 42,787 $12.5M Add +0.8%
SNPS Synopsys Inc. 1.23% 24,179 $12.4M Add +2.7%
AMGN Amgen Inc. 1.22% 43,981 $12.3M Add +0.1%
BA The Boeing Co. 1.21% 58,131 $12.2M Reduce -0.6%
PEP Pepsico Inc. 1.18% 89,791 $11.9M Add +2.0%
ENB Enbridge Inc. 1.17% 260,441 $11.8M Reduce -2.8%
ABBV Abbvie Inc. 1.14% 61,639 $11.4M Add +2.0%
CMI Cummins Inc. 1.13% 34,843 $11.4M Add +0.9%
INTU Intuit Inc. 1.13% 14,441 $11.4M Add +0.1%
AXP American Express Co. 1.13% 35,614 $11.4M Add +0.3%
NKE Nike Inc. Class B 1.12% 159,138 $11.3M Reduce -0.3%
FDX FedEx Corp. 1.08% 48,000 $10.9M Add +2.3%
ROK Rockwell Automation Inc. 1.00% 30,392 $10.1M Reduce -3.0%
MKC McCormick & Co.-Non VTG SHRS 0.99% 131,960 $10.0M Reduce -10.3%
SYY Sysco Corp. 0.97% 128,831 $9.8M Reduce -0.7%
CARR Carrier Global Corp. 0.97% 133,199 $9.7M New
NOW ServiceNow Inc. 0.96% 9,425 $9.7M Reduce -0.7%
FISV Fiserv Inc. 0.92% 53,993 $9.3M Add +26.5%
EW Edwards Lifesciences Corp. 0.92% 118,312 $9.3M Reduce -5.8%
EA Electronic Arts Inc. 0.91% 57,662 $9.2M Reduce -2.5%
CRM Salesforce Inc. 0.89% 32,934 $9.0M New
CRWD CrowdStrike Holdings Inc. Class A 0.88% 17,411 $8.9M Reduce -4.5%
MRK Merck & Co. Inc. 0.87% 111,007 $8.8M Reduce -2.8%
CMG Chipotle Mexican Grill Inc. 0.86% 154,711 $8.7M Add +8.8%
HUBB Hubbell Inc. 0.85% 21,060 $8.6M Reduce -1.7%
BKNG Booking Holdings Inc. 0.85% 1,479 $8.6M Reduce -3.4%
YUM Yum! Brands Inc. 0.83% 56,726 $8.4M Reduce -1.2%
ABT Abbott Laboratories 0.81% 60,002 $8.2M Reduce -5.0%
JNJ Johnson & Johnson 0.79% 52,120 $8.0M Reduce -4.0%
AMT American Tower Corp. 0.77% 35,248 $7.8M Add +0.2%
WMT Walmart Inc. 0.74% 75,970 $7.4M Reduce -2.5%
MDLZ Mondelez International Inc. Class A 0.74% 110,106 $7.4M Reduce -7.5%
TMO Thermo Fisher Scientific Inc. 0.70% 17,507 $7.1M Add +13.6%
LH Laboratory CRP of Amer Hldgs filed as Labcorp Holdings Inc. 0.64% 24,552 $6.4M Reduce -1.7%
PANW Palo Alto Networks Inc. 0.63% 31,029 $6.3M Add +4.2%
PG The Procter & Gamble Co. 0.61% 38,343 $6.1M Reduce -3.8%
DTEGY Deutsche Telekom AG-Spon ADR 0.60% 164,764 $6.0M Reduce -9.3%
CSCO Cisco Systems Inc. 0.57% 82,356 $5.7M Reduce -7.7%
NXPI NXP Semiconductors NV 0.56% 25,730 $5.6M Add +3.3%
BRK.B Berkshire Hathaway Inc. Class B 0.55% 11,365 $5.5M Reduce -6.8%
REGN Regeneron Pharmaceuticals 0.54% 10,294 $5.4M Add +2.4%
UL Unilever PLC 0.51% 84,353 $5.2M Reduce -6.7%
PFE Pfizer Inc. 0.46% 192,581 $4.7M Reduce -15.8%
KO The Coca-Cola Co. 0.44% 63,005 $4.5M Reduce -6.6%
BDX Becton Dickinson and Co. 0.43% 24,920 $4.3M Reduce -13.2%
SNA Snap-on Inc. 0.41% 13,230 $4.1M No change
KVUE Kenvue Inc. 0.40% 193,032 $4.0M Reduce -0.5%
STZ Constellation Brands Inc. Class A 0.40% 24,578 $4.0M Reduce -26.9%
WTS Watts Water Technologies-A 0.34% 13,813 $3.4M Reduce -1.2%
CVX Chevron Corp. 0.32% 22,234 $3.2M Reduce -0.5%
EMR Emerson Electric Co. 0.28% 21,375 $2.8M Reduce -1.4%
GLW Corning Inc. 0.27% 52,238 $2.7M No change
ORCL Oracle Corp. 0.27% 12,379 $2.7M Add +56.6%
PYPL PayPal Holdings Inc. 0.19% 26,156 $1.9M Reduce -11.9%
TSLA Tesla Inc. 0.16% 5,007 $1.6M Reduce -28.1%
RTX RTX Corp. 0.15% 10,299 $1.5M Reduce -0.6%
PLTR Palantir Technologies Inc. Class A 0.13% 9,443 $1.3M Reduce -34.3%
ABNB Airbnb Inc. Class A 0.12% 9,086 $1.2M Reduce -18.0%
INTC Intel Corp. 0.12% 52,208 $1.2M Reduce -0.4%
XOM Exxon Mobil Corp. 0.11% 10,454 $1.1M Reduce -9.1%
PNR Pentair PLC 0.11% 10,416 $1.1M Reduce -0.8%
TGT Target Corp. 0.09% 9,011 $888K Reduce -51.1%
WFC Wells Fargo & Co. 0.08% 10,042 $804K No change
CL Colgate-Palmolive Co. 0.07% 7,938 $721K No change
JPM JPMorgan Chase & Co. 0.07% 2,424 $702K No change
ADSK Autodesk Inc. 0.07% 2,260 $699K Add +1.1%
VZ Verizon Communications Inc. 0.06% 14,598 $631K Reduce -6.8%
ANET Arista Networks Inc. 0.06% 6,130 $627K New
ORLY O'reilly Automotive Inc. 0.06% 6,600 $594K No change
UPS United Parcel Service Class B 0.05% 5,387 $543K Reduce -93.4%
GILD Gilead Sciences Inc. 0.05% 4,575 $507K Reduce -6.4%
MSI Motorola Solutions Inc. 0.05% 1,103 $463K Reduce -2.2%
ZBH Zimmer Biomet Holdings Inc. 0.04% 4,879 $445K Reduce -45.1%
SCHF Schwab Intl Equity ETF 0.04% 19,362 $427K No change
T AT&T Inc. 0.04% 14,750 $426K Reduce -1.0%
RPM RPM International Inc. 0.04% 3,790 $416K No change
SCHB Schwab US Broad Market ETF 0.04% 16,592 $395K No change
NVT Nvent Electric PLC 0.04% 5,012 $367K Reduce -0.3%
BUD Anheuser-Busch Inbev-SPN ADR 0.04% 5,233 $359K Reduce -2.8%
IWV iShares Russell 3000 ETF 0.03% 982 $344K No change
SNY Sanofi-ADR 0.03% 6,540 $315K No change
NVS Novartis AG-Sponsored ADR 0.03% 2,600 $314K No change
COP Conocophillips 0.03% 3,421 $307K No change
QQQ Invesco QQQ Trust Series 1 0.03% 532 $293K No change
SHOP Shopify Inc. Class A 0.03% 2,478 $285K New
TXN Texas Instruments Inc. 0.03% 1,354 $281K Add +0.3%
PSX Phillips 66 0.03% 2,346 $279K No change
NFLX Netflix Inc. 0.03% 201 $269K New
PM Philip Morris International 0.03% 1,430 $260K No change
LMT Lockheed Martin Corp. 0.03% 550 $254K No change
SHW The Sherwin-Williams Co. 0.02% 705 $242K No change
VONG Vanguard Russell 1000 Growth 0.02% 2,100 $229K New
MDY State Street SPDR S&P Midcap 0.02% 370 $209K New
IVV iShares Core S&P 500 ETF 0.02% 329 $204K New
SYK Stryker Corp. 0.02% 515 $203K New
IJR iShares Core S&P Small-Cap E 0.02% 1,836 $200K New
MAS Masco Corp. 0.02% 3,110 $200K Reduce -18.3%

Portfolio Sells Q1 2025 → Q2 2025
UPS United Parcel Service Class B Reduce -93.4% 0.05% −0.91
MKC McCormick & Co.-Non VTG SHRS Reduce -10.3% 0.99% −0.30
BDX Becton Dickinson and Co. Reduce -13.2% 0.43% −0.28
STZ Constellation Brands Inc. Class A Reduce -26.9% 0.40% −0.26
SBUX Starbucks Corp. Reduce -1.8% 1.46% −0.25
V Visa Inc. Class A Reduce -1.6% 2.90% −0.23
MRK Merck & Co. Inc. Reduce -2.8% 0.87% −0.22
ADP Automatic Data Processing Reduce -4.0% 1.58% −0.17
JNJ Johnson & Johnson Reduce -4.0% 0.79% −0.17
PFE Pfizer Inc. Reduce -15.8% 0.46% −0.15
BRK.B Berkshire Hathaway Inc. Class B Reduce -6.8% 0.55% −0.14
COST Costco Wholesale Corp. Reduce -3.0% 2.47% −0.14
YUM Yum! Brands Inc. Reduce -1.2% 0.83% −0.13
MDLZ Mondelez International Inc. Class A Reduce -7.5% 0.74% −0.12
DTEGY Deutsche Telekom AG-Spon ADR Reduce -9.3% 0.60% −0.12
PG The Procter & Gamble Co. Reduce -3.8% 0.61% −0.12
TGT Target Corp. Reduce -51.1% 0.09% −0.12
KVUE Kenvue Inc. Reduce -0.5% 0.40% −0.09
ENB Enbridge Inc. Reduce -2.8% 1.17% −0.09
ABT Abbott Laboratories Reduce -5.0% 0.81% −0.08
CVX Chevron Corp. Reduce -0.5% 0.32% −0.08
KO The Coca-Cola Co. Reduce -6.6% 0.44% −0.07
MDT Medtronic PLC Sold out 0.00% −0.07
SYY Sysco Corp. Reduce -0.7% 0.97% −0.07
ZBH Zimmer Biomet Holdings Inc. Reduce -45.1% 0.04% −0.06
UL Unilever PLC Reduce -6.7% 0.51% −0.06
QCOM Qualcomm Inc. Reduce -0.3% 1.56% −0.06
EW Edwards Lifesciences Corp. Reduce -5.8% 0.92% −0.05
ANET Arista Networks Inc. Sold out 0.00% −0.05
DE Deere & Co. Reduce -3.9% 1.56% −0.05
TSLA Tesla Inc. Reduce -28.1% 0.16% −0.03
XOM Exxon Mobil Corp. Reduce -9.1% 0.11% −0.03
BMY Bristol-Myers Squibb Co. Sold out 0.00% −0.03
AFL Aflac Inc. Sold out 0.00% −0.02
BAX Baxter International Inc. Sold out 0.00% −0.02
UNH Unitedhealth Group Inc. Sold out 0.00% −0.02
SLB SLB Ltd. Sold out 0.00% −0.02
PCG P G & E Corp. Sold out 0.00% −0.02
ABNB Airbnb Inc. Class A Reduce -18.0% 0.12% −0.02
HPQ HP Inc. Sold out 0.00% −0.02
CSCO Cisco Systems Inc. Reduce -7.7% 0.57% −0.02
PYPL PayPal Holdings Inc. Reduce -11.9% 0.19% −0.01
VZ Verizon Communications Inc. Reduce -6.8% 0.06% −0.01
INTC Intel Corp. Reduce -0.4% 0.12% −0.01
MAS Masco Corp. Reduce -18.3% 0.02% −0.01
GILD Gilead Sciences Inc. Reduce -6.4% 0.05% −0.01
MSI Motorola Solutions Inc. Reduce -2.2% 0.05% −0.01
T AT&T Inc. Reduce -1.0% 0.04% −0.00
PLTR Palantir Technologies Inc. Class A Reduce -34.3% 0.13% −0.00
BUD Anheuser-Busch Inbev-SPN ADR Reduce -2.8% 0.04% +0.00

Portfolio Buys Q1 2025 → Q2 2025
CARR Carrier Global Corp. New 0.97% +0.97
CRM Salesforce Inc. New 0.89% +0.89
AMD Advanced Micro Devices Add +3.2% 1.44% +0.35
AMAT Applied Materials Inc. Add +1.8% 1.33% +0.22
INTU Intuit Inc. Add +0.1% 1.13% +0.18
SNPS Synopsys Inc. Add +2.7% 1.23% +0.15
ORCL Oracle Corp. Add +56.6% 0.27% +0.15
CAT Caterpillar Inc. Add +0.0% 1.50% +0.13
GOOGL Alphabet Inc. Class A Add +1.7% 1.67% +0.12
AXP American Express Co. Add +0.3% 1.13% +0.11
CMG Chipotle Mexican Grill Inc. Add +8.8% 0.86% +0.10
PANW Palo Alto Networks Inc. Add +4.2% 0.63% +0.09
ANET Arista Networks Inc. New 0.06% +0.06
NXPI NXP Semiconductors NV Add +3.3% 0.56% +0.05
SHOP Shopify Inc. Class A New 0.03% +0.03
NFLX Netflix Inc. New 0.03% +0.03
VONG Vanguard Russell 1000 Growth New 0.02% +0.02
MDY State Street SPDR S&P Midcap New 0.02% +0.02
IVV iShares Core S&P 500 ETF New 0.02% +0.02
SYK Stryker Corp. New 0.02% +0.02
IJR iShares Core S&P Small-Cap E New 0.02% +0.02
ADSK Autodesk Inc. Add +1.1% 0.07% +0.01
TXN Texas Instruments Inc. Add +0.3% 0.03% +0.00
CMI Cummins Inc. Add +0.9% 1.13% −0.02
AMT American Tower Corp. Add +0.2% 0.77% −0.04
HD Home Depot Inc. Add +2.4% 1.65% −0.08
FISV Fiserv Inc. Add +26.5% 0.92% −0.08
ADBE Adobe Inc. Add +0.4% 1.47% −0.09
TMO Thermo Fisher Scientific Inc. Add +13.6% 0.70% −0.11
FDX FedEx Corp. Add +2.3% 1.08% −0.14
UNP Union Pacific Corp. Add +0.2% 1.37% −0.14
REGN Regeneron Pharmaceuticals Add +2.4% 0.54% −0.14
MCD McDonald's Corp. Add +0.8% 1.24% −0.17
ZTS Zoetis Inc. Add +1.4% 1.52% −0.18
ABBV Abbvie Inc. Add +2.0% 1.14% −0.21
PEP Pepsico Inc. Add +2.0% 1.18% −0.23
AMGN Amgen Inc. Add +0.1% 1.22% −0.24
LLY Eli Lilly & Co. Add +2.7% 2.37% −0.26
AAPL Apple Inc. Add +3.7% 5.18% −0.63

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 134$1.2BAAPL, NVDA, AMD, AMAT, LLY
Q1 2026 124$1.0BAAPL, NVDA, MSFT, AMZN, LLY
Q4 2025 124$1.1BAAPL, NVDA, MSFT, LLY, AMZN
Q3 2025 124$1.0BAAPL, NVDA, MSFT, META, AMZN
Q2 2025 123$1.0BAAPL, NVDA, MSFT, META, AMZN
Q1 2025 122$938.1MAAPL, NVDA, MSFT, V, META
Q4 2024 126$983.0MAAPL, NVDA, MSFT, AMZN, META
Q3 2024 126$1.0BAAPL, NVDA, MSFT, META, AMZN
Q2 2024 120$954.2MAAPL, NVDA, MSFT, AMZN, META
Q1 2024 124$944.7MAAPL, MSFT, NVDA, AMZN, META